DeFiChain’s latest additions mean that for the first time, users will be able to mint and trade dTokens following the prices of a German ETF on the platform.On Friday, August 26th, DeFiChain announced four new decentralised tokens have been added to its blockchain. This blockchain is designed to bring decentralised financial applications and services to the public.

The new dTokens, are ERC-20 compliant and built on the Ethereum network. Represent some of the world’s largest companies including Johnson & Johnson, DAX ETF, Addidas, and Goldman Sachs.

Users of DeFiChain can now trade prices for their favorite stocks and ETFs worldwide without any geographic limitations.

DeFiChain notes that it would keep on increasing the dTokens universe to bestow users with the advantages of decentralization and flexibility.

The newly attached dTokens, as reported by Coinjournal, are $dGS – Goldman Sachs Group Inc, $dJNJ – Johnson & Johnson, $dADDYY – Adidas AG – ADR, and $dDAX – Global X DAX Germany ETF.

The DeFiChain says that this is the first time. That a dToken linked to a German ETF has been created and traded on its blockchain. Users now have price exposure, not ownership, to the underlying stocks and ETFs without any limitations thanks to these decentralised tokens.

While commenting on this newest development, Benjamin Rauch, VP of Marketing DeFiChain Accelerator says;

“When there are more assets available on DeFiChain, it becomes simpler to take control of your investments in a decentralized manner, without any involvement from central instances.”

Now, DeFiChain users can mint and trade decentralised assets to receive price exposure for stocks and ETFs while remaining in the DeFi ecosystem. Alternatively, they can buy these dTokens on the DeFiChain DEX.

The firm went on to state that it now offers dTokens for Apple, S&P 500, Tesla, Alibaba, GameStop, Nasdaq 100, Nvidia, Amazon, Microsoft, Netflix, Meta, and other stock and ETFs.

DeFiChain recently clarified that the dTokens should not be mistaken as “securities” given out by a company or institution. In other words, investors can only obtain price exposure for these assets. But don’t gain any ownership voting rights, dividends, or privileges available to stockholders.

The dTokens software is designed to track and reflect a wide range of elements, utilizing oracles to collect those information.

According to the company, dTokens will now enable millions of individuals globally. Who were restricted from investing in assets within the US because of geographical location, trading limits, and additional access problems. And purchase their desired assets via minting or buying them through DeFiChain.

DeFiChain is a decentralised blockchain technology that utilizes Proof-of-Stake, fabricated as a hard branch of the Bitcoin network. DeFiChain’s main focus is to offer liquidity mining, staking, decentralised assets, and loans – all without centralisation.

The launch of dTokens is a part of DeFiChain’s efforts to build a comprehensive DeFi ecosystem.

Johnson & Johnson, and 3 other firms have joined DeFiChain’s new dTokens initiative. The dTokens initiative is aimed at providing exposure to digital assets for those who are unable to invest in them; due to geographical restrictions or other issues.

With the addition of these 4 firms, the total number of participating organisations in the dTokens initiative has now reached 10.

Some of the notable features of dTokens include:

  • Minting or buying of tokens on DeFiChain to gain price exposure to preferred assets;
  • Decentralised Proof-of-Stake blockchain;
  • Focus on offering liquidity mining to attract a larger pool of users and ensure price stability.

The hope is that with the addition of these 4 firms. The dTokens initiative will be able to reach its aim of providing digital asset exposure to a wider audience. It remains to be seen how successful the initiative will be, but it is certainly a step in the right direction.

What do you think about the dTokens initiative? Let us know in the comments below!

James Atkins

I have been writing copy for blockchain-related projects since 2017. I understand the importance of being able to communicate clearly and effectively with both technical and non-technical audiences. By leveraging my understanding of the crypto industry trends, I can help increase adoption in this rapidly evolving landscape.